Instability In Agricultural Incomes Jamb Economics Past Questions
Question 1
Which of the following factors is not a reason for farmers' unstable incomes?
- A. dependence on too many crops
- B. poor storage facilities
- C. adverse weather conditions
- D. recession in the world economy
Question 2
Foreign investment can be attracted to Nigeria through
- A. a review of the tax policy
- B. a review of interest rates
- C. the revaluation of the naira
- D. a review of the naturalization policy
Question 3
One of the effects of instability in farmer's income in Nigeria is
- A. lack of infrastructural facilities
- B. rural-urban migration
- C. inadequate supply of fertilizer
- D. low level of technology
Question 4
A large standard deviation is an indication of
- A. the size of the sample
- B. a wide spread around the mean
- C. a wide difference between the mean and the mode
- D. the difference between the highest and the lowest values
Question 5
The short-run inelasticity of supply of agricultural produce causes
- A. stability in prices
- B. a steady rise in prices
- C. a steady decline in prices
- D. instability in prices
